![]()
- The Secret Lives of Traders—Seeking the Next Hot Thing
- Markets Finally Get Greek Deal —So Where's the Rally?
- Warren Buffett: Stocks Will Outperform Gold and Bonds
- 'Mortgage Deal from Hell' Hurts Sound Borrowers: Bove
- Zynga and Hasbro Announce Toy-Making Partnership
- Activision Beats on Earnings, Raises Dividend
- Westminster’s Most Successful Dog Breeds
- LinkedIn Outperforms on Earnings, Revenue
- Fidelity: 401(k) Balances Little Changed Over 2011
MOST SHARED
- Stocks Looking Past Europe for a New Driver
- LinkedIn Outperforms on Earnings, Revenue
- LinkedIn Earnings Bode Well for Hiring and Social Media
- The Secret (Working) Lives of Traders
- How to Date a Wall Street Man
- Australia's Newcrest First-Half Underlying Profit Up 17%
- Commentary: USPS Stuck in the Past
- Terranova: Beware Nuance Play On Apple Spike
- Steelers' Antonio Brown Spends Super Bowl Week with Twitter Fan Turned BFF
- UPDATE: Massive Trend Just Getting Underway in Financial Services: Finerman
MOST POPULAR
HOT ON FACEBOOK
GE, Comcast Accord on NBC Universal Now Set for Nov. 16
CNBC Anchor and Reporter
General Electric and Comcast are now expected to announce a deal over GE's NBC Universal unit on Nov. 16, not next week as originally thought, people familiar with the situation told CNBC.
Talks between the two companies are said to be on track and closing in on a deal, under which GE [GE
Loading...
()
] —parent of CNBC and CNBC.com— will shed 51 percent of NBC Universal to Comcast [CMCSA
Loading...
()
] and hold the remaining 49 percent.
The joint venture is being valued somewhere around $30 billion, sources said.
The key caveat is the price it will take for for the French media company Vivendi to shed its 20 percent stake in NBC Universal. The company has the right to register the shares for an IPO, giving it some leverage in negotiations.
If the company decides to register for an IPO, the entire deal between Comcast and GE would be scrapped. But sources said they don't expect that to happen.
News Corp [NWS
Loading...
()
], once an interested party in the acquisition of NBCU, is no longer pursuing the media network.
Rupert Murdoch expressed in his earnings conference call Thursday that his company preferred to build on the franchises it already owns versus new acquisitions.
Meanwhile, Bernstein Research upgraded GE Friday, in part because of pending divestitures such as the NBC Universal stake.




